Genel Modest Taq Taq Rewards

Anglo-Turkish firm Genel announced this week that output from its Taq Taq field in Iraqi Kurdistan had risen to 15,500 b/d. The firm has completed the TT-20z well on the license’s north-western flank which is producing at 2,000 b/d, boosting the field’s output to its highest level since June 2017. Once Kurdistan’s largest producing field, output peaked at 130,000 b/d in 2Q 2015, before collapsing amid a massive geological downgrade in 2016 (MEES, 28 October 2016). Genel is now optimistic that targeting the field’s flanks can provide further output gains and spudded the TT-30 well on the southern flank on 25 March. The well is planned to take 90 days to complete.